PBAPPGIM S&P 500 Buffer 20 ETF - April
Seeks returns that match the price return of the State Street SPDR S&P 500 ETF Trust with a 20% downside buffer over the one-year Target Outcome Period.
By PGIM · Launched 2024
Annual Cost
0.50%
#2,766 of 6,040 · average
Fund Size
$36M
#4,076 of 6,040 · small
Return (1Y)
+11.2%
Track Record
2 years
#3,434 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,127+11.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 9 holdings = 100.0% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 3 C6.5
95.9%
CBOE GLOBAL MARKETS, INC.SPY 3 C6.5
8.8%
CBOE GLOBAL MARKETS, INC.SPY 3 P650.34
3.2%
(PIPA070) PGIM Core Government Money Market Fund
0.8%
CBOE GLOBAL MARKETS, INC.SPY 3 P650.34
0.3%
CBOE GLOBAL MARKETS, INC.SPY 3 P520.27
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 3 C731.96
-0.6%
CBOE GLOBAL MARKETS, INC.SPY 3 P520.27
-1.1%
CBOE GLOBAL MARKETS, INC.SPY 3 C731.96
-7.0%
Asset allocation
Stocks
99.2%
Cash
0.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.4%Low
Year-on-year price swings
Max drawdown
-9.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks returns that match the price return of the State Street SPDR S&P 500 ETF Trust with a 20% downside buffer over the one-year Target Outcome Period.
- Strategy
- Actively managed ETF that provides a downside buffer against the first 20% of losses of the State Street SPDR S&P 500 ETF Trust while matching its price return up to a cap. Invests primarily in FLEX Options to achieve these outcomes.
- Inception date
- March 28, 2024
- Fund family
- PGIM
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save PBAP to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18